Caveat Emptor.
Of course, all the usual disclaimers apply.
Of course, all the usual disclaimers apply.
Another incredulous “legend”, robbed of an opportunity to make (more) millions.
We’re not all the way down the road to 100% administered markets, but the crisis has accelerated our journey.
Fingers crossed that those describing their predicament as “temporary” are correct.Â
Dollars, dictators, Debbie downers and determined Democrats.
“The risk-reward for equity is maybe as bad as I’ve seen it in my career.”
“My first impulse is that is not something we would entertain”.
“A great and powerful plague” versus “the Fed driven liquidity environment”…
“Cash crunch issuance realities.”
Bannon, the People’s Daily charged, is a “Cold War living fossil”.
“…the hows and whys and ifs of what was once a crackpot leftfield are now out there actually being discussed.”
“These are administered markets.”
“The world has indeed changed”.
“…a key lesson is that major wars are staggeringly expensive.”
“We can’t shut the economy”.
The Fed on Monday morning announced open-ended QE, effectively promising to buy unlimited amounts of
“If this doesn’t work, we’re going to keep doing it until we get this going”.
“Confidence”.
“I’ve made some decisions”.
Still nebulous.
The ever-present COVID-19 tape bomb risk notwithstanding…
Now, in 2020, it’s not clear where we are, besides on the border of lost credibility.
Things didn’t go according to plan.
“Whatever it takes”, I suppose.
Either way…
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